Assistant Professor

du4orrpb Dpt. Agricultural Economics, Finance and Accounting
University of Cordoba
Campus Rabanales. N-IV km 396, Gregor Mendel Building. E-14071 Córdoba, Spain
phone-icon (+34) 957 21 84 63
Skype cgutierrez-martin
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Carlos has a background in agricultural economics, with an emphasis on water research. Graduated as Doctor in the University of Córdoba (Spain), Carlos joined the University of Córdoba as an assistant professor of agricultural economics in Agricultural and Forest Engineering in 2009, after three years in the Water Economics Group of the Spanish Environmental Ministry. Previously, he had worked for the University of Cordoba in several research projects.

Research Interests

Carlos’s research focuses on water economics as a whole, with an emphasis in the following main research lines:

  • Economic instruments for water governance, including water pricing, water markets, water accounting, cost-effectiveness analysis…
  • Mathematical modelling focused on irrigated agriculture. Modelling at farm level through Multi Attribute Utility Theory (MAUT), Positive Mathematical Programming (PMP) and Multi Criteria Decision Making (MCDM) using the specific software General Algebraic Modelling System (GAMS).
  • Water use and efficiency, focused on rebound effect of investment in water saving.

Carlos’s current research projects include:

  • National Project (UCO-FEDER 18 REF.126831 MOD.B). SEKECO: Evaluación de estrategias de adaptación a la sequía bajo el actual escenario de cambio climático. (2020-2021).
  • National Project (RTI2018-095407-B-I00). IRRIDROUGHT: “Cambio climático y sostenibilidad del regadío: nuevos instrumentos de demanda para la gestión de sequías”. (2019-2021)

Other previous research projects include SYWAG (System of Water Accounting in the Guadalquivir River Basin, 2014-2015), CAP&TRADE (water market scenarios for meridional Europe, new solutions for scarcity and drought, 2010-2013), AGUA-ICAD (Assessment of public policies for water management in agriculture: Uncertainty, climate change and WFD, 2008-2010), WADI (Sustainability of European Irrigated Agriculture Under Water Framework Directive and Agenda 2000, 5th Framework Programme, 2003-2005)

Teaching Interests

Carlos currently manages several undergraduate subjects as Business Management, Natural Resources and Valuation; Agricultural Valuation; Business Economics; and the postgraduate subjects Natural Resources Economics; Agrofood Business Management; and Forest Business Management at the University of Córdoba.

He also participates in the M.Sc. Hydrological Resources and Environment at University of Malaga and in the expert course on Irrigation Management and Water Users Associations of the International University of Andalusia.

He currently supervises one PhD students: Nazaret Montilla, whose thesis focuses on exploring the viability of the implementation of water banks, as a kind of water market, in Spain.

Most relevant Peer-reviewed publications


Pérez-Blanco, C.D., Gutiérrez-Martín, C., Gil-García, L. and Montilla-López, N.M. (2021). Microeconomic ensemble modeling to inform robust adaptation to water scarcity in irrigated agriculture, Journal of Water Resources Planning and Management 147:7 doi:10.1061/(ASCE)WR.1943-5452.0001385


Espinosa-Tasón, J., Berbel, J. and Gutiérrez-Martín, C. (2020). Energized water: Evolution of water-energy nexus in the Spanish irrigated agriculture, 1950–2017, Agricultural Water Management. 233:106073. doi:10.1016/j.agwat.2020.106073

Gómez-Limón, J.A., Gutiérrez-Martín, C. and Montilla-López, N.M. (2020). Agricultural water allocation under cyclical scarcity: the role of priority water rights, Water 12(6):1835 doi:10.3390/w12061835

Gómez-Limón, J.A., Gutiérrez-Martín, C. and Montilla-López, N.M. (2020). Recovering water for the environment during droughts through public water banks within a monopsony-monopoly setting, Water Resources and Economics 32:100163 doi:10.1016/j.wre.2020.100163

Gutiérrez-Martín, C., Gómez-Limón, J.A., and Montilla-López N.M. (2020). Self-financed water bank for resource reallocation to the environment and within the agricultural sector, Ecological Economics. 169:106493. doi:10.1016/j.ecolecon.2019.106493

Parrado, R., Pérez-Blanco, C.D., Gutiérrez-Martín, C. and Gil-García, L. (2020). To charge or to cap in agricultural water management. Insights from modular iterative modeling for the assessment of bilateral micro-macro-economic feedback links, Science of The Total Environment 742:140526 doi:10.1016/j.scitotenv.2020.140526

Pérez-Blanco, C.D., Essenfelder, A.H. and Gutiérrez-Martín, C. (2020). A tale of two rivers: integrated hydro-economic modeling for the evaluation of trading opportunities and return flow externalities in inter-basin agricultural water markets, Journal of Hydrology. 124676. doi:10.1016/j.jhydrol.2020.124676

Sapino, F., Pérez-Blanco, C.D., Gutiérrez-Martín, C. and Frontuto, V. (2020). An ensemble experiment of mathematical programming models to assess socio-economic effects of agricultural water pricing reform in the Piedmont Region, Italy, Journal of Environmental Management. 267:110645. doi:10.1016/j.jenvman.2020.110645


Berbel, J., Expósito, A., Gutiérrez-Martín, C. and Mateos L. (2019). Effects of the Irrigation Modernization in Spain 2002–2015, Water Resources Management. 33(5):1835-1849. doi:10.1007/s11269-019-02215-w

Gómez-Limón, J.A.; Gutiérrez-Martín, C.; Villanueva, A.J. (2019). Optimal design of agri-environmental schemes under asymmetric information for improving farmland biodiversity.Journal of Agricultural Economics. 70(1):153-177. doi:10.1111/1477-9552.12279

Parrado, R., Pérez Blanco, D., Gutiérrez-Martín, C., Standardi, G. (2019). Micro-macro feedback links of agricultural water management: Insights from a coupled iterative positive Multi-Attribute Utility Programming and Computable General Equilibrium model in a Mediterranean basin, Journal of Hidrology. 569:291-309. doi:10.1016/j.jhydrol.2018.12.009


Berbel, J., Gutiérrez-Martín, C., Expósito, A., (2018). Impacts of irrigation efficiency improvement on water use, water consumption and response to water price at field level. Agricultural Water Management. 203:423-429. doi:10.1016/j.agwat.2018.02.026

Montilla-López, N.M., Gómez-Limón, J.A. and Gutiérrez-Martín, C. (2018). Sharing a river: Potential performance of a water bank for reallocating irrigation water, Agricultural Water Management. 200:47-59. doi:10.1016/j.agwat.2017.12.025.


Berbel, J. Gutiérrez-Martín, C. and Martín-Ortega, J.(2017). Water Economics and Policy, Water 9:801. doi:10.3390/w9100801

Pérez-Blanco, C.D. and Gutiérrez-Martín, C. (2017). Buy me a river: Use of multi-attribute non-linear utility functions to address overcompensation in agricultural water buyback, Agricultural Water Management 190:6-20. doi:10.1016/j.agwat.2017.05.006

Gutiérrez-Martín, C., Borrego-Marín, M.M. and Berbel, J. (2017). The economic analysis of water use in the Water Framework Directive based on the System of Environmental-Economic Accounting for Water: A case study of the Guadalquivir river basin, Water 9(3):180. doi:10.3390/w9030180.

Montilla-López, N.M., Gutiérrez-Martín, C. and Gómez-Limón, J.A. (2017). Impacto de la tarifación del agua de riego en el Bajo Guadalquivir. ITEA. Información Técnica Económica Agraria 113(1): 90-111. doi:10.12706/itea.2017.006.


Borrego-Marín, M.M., Gutiérrez-Martín, C. and Berbel, J. (2016). Water productivity under drought conditions estimated using SEEA-Water, Water 8(4):138. doi:10.3390/w8040138

Borrego-Marín, M.M., Gutiérrez-Martín, C. and Berbel, J. (2016). Estimation of cost recovery ratio for water services based on the System of Environmental-Economic Accounting for Water. Water Resources Management 30(2):767-783. doi:10.1007/s11269-015-1189-2

Gómez-Limón, J.A., Gutiérrez-Martín, C. and Riesgo, L. (2016). Modeling at farm level: Positive Multi-Attribute Utility Programming. Omega 65(2016):17-27. doi:10.1016/

Montilla-López, N.M., Gutiérrez-Martín, C. and Gómez-Limón, J.A. (2016). Water banks: What have we learnt from the international experience?, Water. doi:8(10):466 10.3390/w8100466

Pérez-Blanco, C.D., Standardi, G., Mysiak, J., Parrado, R. and Gutiérrez-Martín, C. (2016). Incremental water charging in agriculture. A case study of the Regione Emilia Romagna in Italy. Environmental Modelling & Software 78:202-215. doi:10.1016/j.envsoft.2015.12.016


Berbel, J. and Gutiérrez-Martín, C. (2015). Farmer’s subjective elicited water response function for intensive olives and compromise programming method for irrigation supply decision. Economía Agraria y Recursos Naturales (Agricultural and Resource Economics) 15(2):51-68. doi:10.7201/earn.2015.02.03

Berbel, J., Gutiérrez-Martín, C., Rodríguez-Díaz, J.A., Camacho, E. and Montesinos, P. (2015). Literature review on rebound effect of water saving measures and analysis of a Spanish case study. Water Resources Management 29(3):663-678. doi:10.1007/s11269-014-0839-0

2014 and previous

Gutiérrez-Martín, C., Pérez Blanco, C.D., Gómez Gómez, C.M. and Berbel, J. (2014). Price Volatility and Water Demand in Agriculture. A Case Study of the Guadalquivir River Basin (Spain). In T. Bournaris, J. Berbel, B. Manosand D. Viaggi eds. Economics of Water Management in Agriculture. Boca Ratón, EEUU, CRC Press. Taylor & Francis Gruop, pp. 319-348.

Gutiérrez-Martín, C. and Gomez Gomez, C.M. (2011). Assessing irrigation efficiency improvements by using a preference revelation model. Spanish Journal of Agricultural Research 9(4):1009-1020.

Lopez-Baldovin, M.J., Gutierrez-Martin, C. and Berbel, J. (2006). Multicriteria and multiperiod programming for scenario analysis in Guadalquivir river irrigated farming. Journal of the Operational Research Society 57(5):499-509.